CycleWatch

Signals › Household & Consumer

UMCSENT · FRED

U. Michigan consumer sentiment

Inflation-weighted. FRED lags one month at the source's request. Quarterly before 1978, so used from 1978 only (audit M-05).

Latest reading

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licensed: not shown on the public site.

Signal

+1.06

Reassuring. It holds the probability down.

Use
In model: block 3 score
Model input
change from the previous period
Direction
A falling value raises recession risk.

Where it fits

Household & Consumer: Track two-thirds of GDP and the credit channel that constrains it. The model averages the standardised signals in each block into a block score, then combines the twelve block scores in a probit. Today the 12-block model reads 1.6%.

Other signals in this block